Ma Coquille
ActiveSummary
Ma Coquille has been active since 2007 and the Belgian State Gazette contains no insolvency or warning signals. The 2025 annual accounts show equity of €676k and a net result of €85k. Equity is growing by ~16.3% per year across the filed fiscal years. Its solvency ranks better than 27% of 12707 sector peers (fiscal year 2025). The computed 12-month bankruptcy probability is 0.1% (very low).
Checked score
Score 2025
68
/ 100
Healthy
The score weighs solvency, liquidity and profitability. Bankruptcy probability contributes 35%. Every signal that weighs is under Signals.
Axes · tick = 2024
Profitability53▼-15
Solvency54▲+2
Growth78=
Track record100
Bankruptcy probability, 12 months
0.1%
Very low
0%0.5%1.5%4%10%≥ 25%
Credit up to €45k at 30 days acceptable
Liquidity short (current ratio 0.3 against 0.25 in 2024; short-term debt: 8.8% and cash: 1.2% of total assets), and 71% of the assets are financed with debt.
Credit advice for your own amount and term
Signals
Four signals. The signal on the left, the evidence on the right.
−lowers risk○neutral
lowers risk · Lower-failure-rate sector
In this sector companies fail less often than the Belgian average.
Gazette · bankruptcies per sector, NACE 69
Relative position
BE, all sectors
reference
Sector 69
lower
← fewer bankruptcies
more bankruptcies →
lowers risk · Long track record
A company with a long track record statistically fails less often than a young one.
KBO · incorporation dateAge against the risk zone
lowers risk · Annual accounts: healthy financial profile
The latest annual accounts show a healthy profile in solvency, result and liquidity.
NBB · annual accounts 2025Solvency, return and age of the figures
Solvency
29%
Return on assets
3.7%
Age of the figures
13 mo
neutral · Latest accounts filed on time
The financial year that closed on 31-08-2025 was due by 31-03-2026 and was filed on 06-02-2026, 53 days ahead of the deadline.
NBB · 10 filingsDeviation from the deadline
2025
53 d early
2024
5 d early
2022
18 d early
2021
17 d early
2020
on the day
2019
1 d early
2018
34 d early
← before the deadline
after the deadline →
Checked, nothing found (2)
neutral · The next deadline is still running
The next financial year closes on 31-08-2026 and is due by 31-03-2027. Nothing is late today.
Companies Code · seven monthsPosition in the running window
31-08-2026 close24-09-2026 today31-03-2027 deadline
Financials · fiscal year 2025, micro schema
Equity
€676k▲ 3.2%
2024 · €654k
2018: €245k
2019: €312k
2020: €375k
2021: €404k
2022: €510k
2024: €654k
2018 → 2025
Total assets
€2.33M▼ 4.1%
2024 · €2.43M
2018: €980k
2019: €912k
2020: €1.11M
2021: €1.10M
2022: €1.03M
2024: €2.43M
2018 → 2025
Net result
€85k▼ 41.0%
2024 · €144k
2018: €83k
2019: €67k
2020: €63k
2021: €118k
2022: €106k
2024: €144k
2018 → 2025
Working capital
€-143k▲ 29.9%
2024 · €-204k
2018: €-123k
2019: €-145k
2020: €-115k
2021: €-170k
2022: €-98k
2024: €-204k
2018 → 2025
Multi-year overview
Every figure with its change against the year before
▲ rise
▼ fall
Line20202021202220242025Trend
Equity€375k-€404k▲ 8.0%€510k▲ 26.1%€654k▲ 28.3%€676k▲ 3.2%
Operating result€102k-€183k▲ 79.9%€158k▼ 13.7%€256k▲ 62.2%€201k▼ 21.6%
Net result€63k-€118k▲ 88.8%€106k▼ 10.5%€144k▲ 36.5%€85k▼ 41.0%
Turnover and EBIT margin not published: the micro schema does not require them.
Result per fiscal year
Operating resultNet result
The operating result falls in 2025; 2025 is 22% below 2024.
Balance-sheet composition
2025 in colour, 2024 as the grey bar beneath
Assets €2.33M
Fixed assets
€2.27M ▼ 3.9%
Current assets
€62k ▼ 9.2%
Equity and liabilities €2.33M
Equity
€676k ▲ 3.2%
Debt
€1.65M ▼ 6.8%
Debt's share of the balance-sheet total falls from 73.1% to 71.0%. Equity is higher and debt is lower.
Key figures and ratios
EBITDA
€269k▼
2024 · €326k
Cash flow
€154k▼
2024 · €214k
Current ratio
0.30▲
2024 · 0.25
Debt to equity
2.45▼
2024 · 2.71
ROE
12.6%▼
2024 · 22.1%
ROA
3.7%▼
2024 · 5.9%
Interest coverage
3.52▼
2024 · 5.04
Debt ≤ 1 year
€205k▼
2024 · €272k
Debt > 1 year
€1.45M▼
2024 · €1.50M
Income taxes
€41k▼
2024 · €61k
Green means a favourable move, even when the figure itself falls: as with debt or debt to equity.
Filed annual accounts As filed with the NBB · 2025 against 2024 · 52 lines
Balance sheet
Code20242025
Assets
Total assets20/58€2.43M€2.33M▼
Fixed assets21/28€2.36M€2.27M▼
Tangible fixed assets22/27€2.36M€2.27M▼
Land and buildings22€2.36M€2.24M▼
Furniture and vehicles24€4k€32k▲
Other tangible fixed assets26€0-
Current assets29/58€68k€62k▼
Amounts receivable within one year40/41€52k€22k▼
Trade receivables40€2k€1k▼
Other amounts receivable41€50k€21k▼
Cash at bank and in hand54/58€6k€29k▲
Deferred charges and accrued income490/1€10k€11k▲
Equity and liabilities
Total equity and liabilities10/49€2.43M€2.33M▼
Equity10/15€654k€676k▲
Contributions10/11€19k€19k=
Reserves13€636k€657k▲
Non-distributable reserves130/1€0-
Reserves not available under the articles1311€0-
Distributable reserves133€636k€657k▲
Profit (loss) carried forward14-€0
Amounts payable17/49€1.77M€1.65M▼
Amounts payable after more than one year17€1.50M€1.45M▼
Financial debts170/4€1.50M€1.45M▼
Amounts payable within one year42/48€272k€205k▼
Current portion of amounts payable after more than one year42€109k€102k▼
Financial debts43€0€6k▲
Credit institutions430/8€0€6k▲
Trade debts44€64k€15k▼
Suppliers440/4€64k€15k▼
Advances received on contracts in progress46€6k€0▼
Taxes, remuneration and social security45€93k€18k▼
Taxes450/3€93k€18k▼
Other amounts payable47/48-€64k
Accrued charges and deferred income492/3€2k€2k▲
Income statement
Code20242025
Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets630€70k€69k▼
Other operating charges640/8€12k€24k▲
Gross operating margin9900€337k€293k▼
Operating profit (loss)9901€256k€201k▼
Financial income75/76B€14k€2k▼
Recurring financial income75€14k€2k▼
Financial charges65/66B€65k€76k▲
Recurring financial charges65€65k€76k▲
Profit (loss) for the period before taxes9903€206k€126k▼
Income taxes67/77€61k€41k▼
Profit (loss) for the period9904€144k€85k▼
Profit (loss) for the period to be appropriated9905€144k€85k▼
Appropriation of the result
Profit (loss) to be appropriated9906€144k€85k▼
Transfer from equity791/2-€64k
Transfer to equity691/2€144k€85k▼
To other reserves6921€144k€85k▼
Profit to be distributed694/7-€64k
Return on contributions (dividend)694-€64k
The notes to these accounts (8 items: statements of assets and debts, cost breakdowns, rights and commitments) are not shown here.
Timeline · acts, filings and financial milestones
Next filing, fiscal year 2026, expected by
2026
06-02
NBB filing
Annual accounts filed
fiscal year 2025 · micro schema
2025
26-03
NBB filing
Annual accounts filed
fiscal year 2024 · micro schema
2024
31-08
Financial
Highest result since 2018net €144k ▲36.5%
Operating result €256k, net result €144k, both a record.
2023
12-04
NBB filing
Annual accounts filed
fiscal year 2022 · micro schema
2022
30-09
Financial
Equity above €500kEq €510k ▲26.1%
5 profitable years in a row build equity to €510k.
13-04
NBB filing
Annual accounts filed
fiscal year 2021 · micro schema
2021
30-04
NBB filing
Annual accounts filed
fiscal year 2020 · micro schema
2020
30-09
Financial
Weakest financial yearnet €63k ▼6.7%
Net result drops to €63k, the lowest in the series; recovery starts the following year.
29-04
NBB filing
Annual accounts filed
fiscal year 2019 · micro schema
2019
27-03
NBB filing
Annual accounts filed
fiscal year 2018 · micro schema
2018
26-03
NBB filing
Annual accounts filed
fiscal year 2017 · micro schema
2017
28-04
NBB filing
Annual accounts filed
fiscal year 2016 · abbreviated schema
2016
20-04
NBB filing
Annual accounts filed
fiscal year 2015 · abbreviated schema
Financial milestoneNBB filingFinancial milestones sit on the fiscal year-end date, not the filing date.
Directors · office · real estate
Directors
3 acts for this company are in the Belgian State Gazette, of which we have read 0. We have therefore not extracted its directors from those acts yet.
Location & real-estate footprint
Registered office, Dendermonde · 1 establishment unit since 2011
Cannot be placed on the map
This address could not be matched to a point in the Belgian address register (BOSA BEST). The address below comes straight from the Crossroads Bank.
Kwintijnpoort (DEN) 19200 DendermondeGround area
861 m²
Building footprint
211 m²
Volume, LiDAR
1,279 m³
Parcel 42006B0535/00Z000, Flanders · tallest building 10.4 m, ±2 floors. Linked by address, not a title deed.
1 establishment unit
Ma Coquille
since 20112.202.655.115
1 parcel
Flanders
1
(100%)
| Parcel (capakey) | Region | Area | Buildings | Height / fl. |
|---|---|---|---|---|
| 42006B0535/00Z000 | Flanders | 861 m² | 1 · 211 m² | 10.4 m · 2 fl. |
Linked by address, not proof of ownership
Methodology
via registered seat: 1
1 of 1 parcel with an exact address match; the rest are indicative.
Linked through address data, this is not proof of ownership.
Similar companies · same sector, comparable size
JESMES
BE 0890.369.829
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ABYOO
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PATRICK'S PATENTS
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LINC-ON
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Of 2,762 companies in sector 69109 we hold annual accounts for 1,208. 664 are within a factor 10 of this equity. The 5 above are the closest to it. See the whole sector
Company data · Crossroads Bank
Identification
Legal formPrivate limited company
Founded20-12-2007
Fiscal year end31-08
Activities, NACEBEL 2025
69109Other legal services
68110Buying and selling of own real estate
Sources
Crossroads Bank for EnterprisesNational Bank · 16 filingsAddress and cadastre registers
Scores and ratios are computed by Checked and are not a credit decision.